Maria Deutscher
Latest from Maria Deutscher
UiPath shares jump on preliminary third-quarter results and workforce reduction plan
Shares of UiPath Inc. jumped more than 11% today after the company reported preliminary third-quarter financial results that exceeded its guidance. NYSE-listed UiPath posted the preliminary financial results in a regulatory filing released on Monday. In the filing, the company also disclosed a workforce reduction initiative that is expected to affect 6% of its employees. UiPath ...
Google will pay $391.5M to settle multistate lawsuit over location tracking settings
Google LLC will pay $391.5 million to settle an investigation launched by 40 state attorneys general over the location tracking settings in its services. The state attorneys general announced the development today. In conjunction, Google detailed that it has agreed to make a series of changes to its location tracking settings as part of the ...
Amazon reportedly plans to lay off about 10,000 corporate and tech employees
Amazon.com Inc. is planning to let go about 10,000 employees in a round of layoffs that could begin as early as this week, the New York Times reported today. It’s estimated that the layoffs would affect less than 1% of Amazon’s workforce, which stood at 1.6 million full-time and part-time employees at the end of ...
Cerebras Systems debuts AI supercomputer with 13.5M+ processor cores
Chip startup Cerebras Systems Inc. today debuted Andromeda, a supercomputer optimized to run artificial intelligence applications that features more than 13.5 million processor cores. Sunnyvale, California-based Cerebras Systems is backed by more than $720 million in venture funding. The startup sells a chip called the WSE-2 that is specifically designed to run AI software. The new ...
Nvidia introduces new high-performance computing capabilities for researchers
Nvidia Corp. is expanding its product portfolio with new software capabilities and a high-performance computing platform that scientists can use to accelerate research initiatives. The updates were set to make their debut today at the annual Supercomputing 2022 event. During the SC22 event, Nvidia also will detail its work with Lockheed Martin Corp. to build ...
Amazon debuts AI-powered robotic arm and new delivery drone
Amazon.com Inc. has developed two new autonomous systems, a robotic arm and a delivery drone, to make its logistics network more efficient. Both systems made their debut on Thursday during an event hosted by the company’s Amazon Robotics division. The company formed the division following its $775 million acquisition of robotics startup Kiva Systems Inc. in ...
Thomson Reuters to acquire tax software maker SurePrep for $500M
Thomson Reuters Corp. today announced plans to acquire SurePrep LLC, a company with a suite of applications that accounting firms use to prepare taxes for clients. The acquisition values SurePrep at $500 million. Thomson Reuters plans to finance the acquisition in cash and expects to receive a tax benefit worth about $60 million as part ...
Iterable extends its marketing platform with new automation features
Iterable Inc. today updated its cloud-based marketing platform with new features designed to help brands more easily deliver personalized offers to customers. San Francisco-based Iterable is backed by more than $340 million in funding from Silver Lake, Capital One Financial Corp. and other investors. The startup offers a marketing platform that enables brands to send ...
Ordergroove reels in $100M for its e-commerce subscription platform
Ordergroove Inc., a startup that helps online retailers sell merchandise on a subscription basis, has closed a $100 million funding round led by Primus Capital Partners. The New York-based startup announced the investment today. It has raised a total of $130 million since launch. In recent years, a significant number of online retailers have started offering ...
Amazon reportedly launches extensive cost-cutting review
Amazon.com Inc. has launched an internal review focused on finding opportunities to reduce expenses, the Wall Street Journal reported today. Sources familiar with the matter told the Journal that the review is being led by Amazon Chief Executive Officer Andy Jassy. According to the sources, the initiative is “much more extensive” than a similar effort ...